The truth is everything seems to bounce back 2x when it drops at all. The euphoria seems to be indestructible at this point. I’ve been on the sidelines but am growing tired of watching all the grifters continue to get rich via fraud and market manipulation.
Starbucks tried AI for managing inventory and reversed its decision. Salesforce tired AI for customer service and reversed its decision. Ford tried AI for managing quality control and reversed its decision. The Commonwealth Bank of Australia tried AI for customer service and reversed its decision. Uber tried AI for its software engineering team and their CTO reported no measurable extra productivity, ending with the phrase: "That link is not there yet, right?". In the UK 55% of companies that laid off staff and tried to replace them with AI reported regretting this decision due to falling productivity. The only permanent job cutting caused by AI is happening inside hyper-scalers. These are reducing headcount lately just to get that newfound money and allocate to CAPEX, so to keep the AI speculative party going on, now that private credit is out of the game.
its whatever the bots decide, the whole market is completely manipulated by bots... if you trade everyday you can see more and more see the patterns... the whole thing is a casino, its not investing anymore...
Ai is a very bad joke. They ran out of horses to bet on, so they put their money on a three-legged stallion named "Fallsover". There will not be an increase in productivity, unless you count the people employed to fix the debacle.
A company with no profits gets a trillion-dollar valuation at the IPO but a company that does 17 billion in one quarter but misses on the right side of the point loses 23% of its valuation. Got to love this market.
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the term is corruption.
Like Lennon said,
"I am the Walrus"